Clarence Page: A Lower Tax Rate ‘Means You Have Less Incentive’ ‘To Hide Your Money Overseas’

Chicago Tribune Editorial Board member Clarence Page argued that a lower tax rate “means you have less incentive to want to hide your money overseas” on Friday’s “McLaughlin Group.”

Page said, “Certainly, the lower tax rate means you have less incentive to want to hide your money overseas, if you can hide it in Delaware, or Wyoming, here, for that matter. I mean, there’s a lot of reason. But, yeah, we’ve only found the first of many disclosures here with this international banking story. So, it’s quite possible more Americans will pop up.”

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